Oil And Gas News


Velesto Lands Jack-Up Drilling Deal with Jadestone off Malaysia

13 hours ago

Malaysia’s oil and gas services Velesto has secured a drilling contract worth approximately $16.5 million from Jadestone Energy for operations at the East Belumut field offshore Malaysia.The contract, awarded to Velesto’s wholly owned subsidiary Velesto Drilling…

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

13 hours ago

Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development…

Eni Nears FID for Indonesia’s Offshore Gas Projects

Feb 24, 2026

Indonesia's upstream oil and gas regulator SKK Migas expects Italy's Eni to reach its final investment decision next month for the development of the Geng North and Gendalo-Gendang gas projects, its head Djoko Siswanto told reporters.He said…

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

Feb 20, 2026

Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block, marking a key milestone as the development…

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Feb 19, 2026

Malaysia’s MISC has secured long-term bareboat charter and operations and maintenance contracts with ExxonMobil PNG (EMPNG) for Papua New Guinea’s first floating storage and offloading (FSO) unit.The contracts comprise a firm 15-year charter with extension options of up to an additional 15 years…

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Feb 18, 2026

Dolphin Drilling Offshore, a wholly owned subsidiary of Dolphin Drilling, and Sapura Drilling Asia, a wholly owned subsidiary of Vantris Energy, have entered into a marketing agreement for the semi-submersible drilling unit Blackford Dolphin…

Saipem Agrees $272M Deal to Acquire Deep Value Driller Drillship

Feb 17, 2026

Saipem has reached agreement on the main terms and conditions to acquire the seventh-generation drillship Deep Value Driller for $272.5 million.The Deep Value Driller is a high-specification ultra-deepwater drillship built in 2014, featuring GustoMSC P10000 design and able to accommodate 210 people…

MISC, PTSC Extend Ruby II FPSO Operations Offshore Vietnam

Feb 16, 2026

MISC, through its joint venture Vietnam Offshore Floating Terminal (Ruby) (VOFT), has secured a contract for the Ruby II floating production, storage and offloading (FPSO) unit with Petrovietnam, extending the unit’s lease, operation and maintenance until the end of 2027…

Petronas Takes Operatorship of Oman’s Offshore Block 18

Feb 13, 2026

Petronas has signed a concession agreement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore (OQEP) for exploration activities in offshore Block 18, expanding its international upstream portfolio…

Mubadala Hires SLB for Deepwater Drilling Services Offshore Indonesia

Feb 12, 2026

SLB has secured multiple offshore drilling services contracts by Mubadala Energy for the Tangkulo natural gas deepwater development and associated exploration and appraisal activities in the Andaman Sea offshore Indonesia.The contracts cover…

Malaysia Offers Nine Exploration Blocks in 2026 Bid Round

Feb 11, 2026

Malaysia’s Petronas, through Malaysia Petroleum Management, has launched the Malaysia Bid Round 2026, offering nine exploration blocks and six discovered resource opportunities in a move aimed at strengthening Malaysia’s position as an upstream investment hub…

Seatrium Unit Launches Arbitration Against Petrobras over FPSO Contract

Feb 10, 2026

Seatrium, through its wholly owned subsidiary Jurong Shipyard, has started arbitration proceedings against Petrobras Netherlands in connection with a legacy contract for the conversion of the P-54 floating production, storage and offloading vessel (FPSO)…

Transocean-Valaris Tie-Up to Create $17B Offshore Drilling Major with 73 Rigs

Feb 10, 2026

Offshore drilling contractor Transocean has agreed to acquire Valaris in an all-stock transaction valued at about $5.8 billion, creating one of the world’s largest offshore drilling contractors with a fleet of 73 drilling rigs.The combined company…

Malaysia Oil and Gas Projects Advance with Petronas' PSC and Farm-Out Deals

Feb 10, 2026

Malaysia’s Petronas has strengthened upstream collaboration in Sabah through a new oil and gas production sharing contract (PSC) award and an equity transfer agreement involving state-linked partners.Petronas Carigali, a wholly owned subsidiary of Petronas…

Current News

QatarEnergy Selects Technip Energies JV for North Field West Expansion Work

Velesto Lands Jack-Up Drilling Deal with Jadestone off Malaysia

Inpex Eyes Mid-Year Bids for $21B Indonesia LNG Project

Eni Nears FID for Indonesia’s Offshore Gas Projects

GLO Marine to Invest $7M in New Vessel Retrofit Hub in Romania

Seatrium Targets $40M Cost Savings in Continued Divestment Drive

Inpex Secures Environmental Approval for Indonesia’s Abadi LNG Project

MISC Secures Long-Term Charter for Papua New Guinea's First FSO

Dolphin Drilling, Vantris Ink Marketing Deal for Blackford Dolphin Semi-Sub

Saipem Agrees $272M Deal to Acquire Deep Value Driller Drillship

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